1Z0-1160-1 Practice Questions

Comprehensive and Detailed

The Expenses module’s purpose is:

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To track and reimburse employee expenses (B): Manages expense submissions, approvals,

and reimbursements.

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Manage supplier contracts (A): Part of Procurement.

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Automate customer collections (C): Handled by Advanced Collections.

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Reconcile bank statements (D): Managed by Cash Management.

This streamlines expense processes, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – Expenses Overview

Comprehensive and Detailed

Tax Reporting features include:

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Automated tax calculations (A): Computes taxes based on transactions and rules.

•

Compliance with global tax regulations (D): Ensures adherence to international tax

standards.

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Supplier invoice validation (B): Part of Payables.

•

Employee expense tracking (C): Handled by Expenses.

These support tax compliance, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – Tax Reporting Features

Comprehensive and Detailed

The Plan to Delivery process enables Project Managers with:

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Engaging with team members (A): Supports task development, issue resolution, and progress

monitoring.

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Providing project planning, management, and scheduling (B): Offers tools for enterprise-

wide project management.

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Self-maintaining qualifications (C): Relates to resource management, not delivery.

•

Accumulating costs (D): Focuses on cost tracking, not delivery directly.

These capabilities ensure effective project execution, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – Plan to Delivery Process

Comprehensive and Detailed

IDR’s role is:

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To automate supplier invoice data extraction (A): Scans and extracts invoice details (e.g.,

amounts, dates) for touchless processing.

•

Track employee expenses (B): Handled by Expenses.

•

Manage customer collections (C): Part of Collections.

•

Reconcile bank statements (D): Managed by Cash Management.

This reduces manual effort, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – IDR Overview

Comprehensive and Detailed

The Project Cost to Accounting process manages indirect costs via:

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Burdening (B): Aggregates raw and indirect (burden) costs for a total cost view.

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Allocation (C): Distributes costs (including indirect) to projects, ensuring accurate

assignment.

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Calculation Manager (A): Transfers balances, not specific to indirect costs.

•

Capital Events (D): Groups assets, not focused on indirect cost management.

This ensures cost accuracy, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – Project Cost to Accounting

Comprehensive and Detailed

The Dunning Plans feature’s purpose is:

•

To send personalized reminders to customers for overdue payments (B): Automates

collection notices based on payment behavior.

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Automate supplier payments (A): Handled by Payables.

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Track employee expenses (C): Managed by Expenses.

•

Reconcile bank statements (D): Part of Cash Management.

This improves collections, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – Dunning Plans Overview

Comprehensive and Detailed

The Cash Management module reconciles transactions with bank statements using data from:

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Oracle Fusion Cloud Payables and Receivables (A): Payables provides outgoing payment data

(e.g., supplier payments), and Receivables provides incoming payment data (e.g., customer receipts),

both critical for reconciliation.

•

Advanced Collections and Lease Accounting (B): These do not directly contribute to cash

reconciliation.

•

Project Management and General Ledger (C): General Ledger integrates indirectly, but

Project Management is unrelated.

•

Expenses and Fixed Assets (D): These feed through Payables or other modules, not directly.

This integration ensures accurate cash flow tracking, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – Cash Management Reconciliation

Comprehensive and Detailed

Benefits of multi-tenant architecture include:

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Reduced infrastructure costs (A): Shared resources lower the cost of maintenance and

hardware.

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Automatic updates and patches (C): Centralized updates ensure all tenants receive the latest

features and fixes seamlessly.

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Custom hardware for each customer (B): Contrary to multi-tenancy’s shared model.

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Limited scalability (D): Incorrect, as multi-tenancy enhances scalability.

These benefits optimize cost and maintenance, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – Multi-Tenant Architecture

Comprehensive and Detailed

The Security Console’s role is:

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To manage user roles and access controls (A): Allows administrators to define, assign, and

monitor user roles and permissions, ensuring secure access to ERP functions.

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Automate financial reporting (B): Handled by reporting tools, not Security Console.

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Track project milestones (C): Part of Project Management, not security.

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Generate supplier invoices (D): Managed by Payables, not Security Console.

This ensures system security, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – Security Console Overview

Comprehensive and Detailed

Key benefits are:

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Seamless interface for transactions (B): Integrates project data from various sources for

accurate cost capture.

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Manages indirect costs easily (C): Simplifies burden and allocation for total cost visibility.

•

Single view for team members (A): Unrelated to cost assessment.

•

Robust search capabilities (D): Relates to resource management, not costs.

This enhances cost management, as per the training.

Reference: Oracle Fusion Cloud ERP Foundations Training – Project Cost to Accounting OMBP

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